The Fed paused its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions. In the weeks since, positive upgrades to economic growth and cooler inflation data have reinforced the...
US closes SVB in biggest collapse since 2008
The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis.
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.
Macro drivers signal higher oil prices in 2022: BofA
Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar, inflation and monetary easing will lead to higher oil prices in 2022 A new Bank of America Global Research report claims micro trends that are driving down oil prices, like...
